Fintech

Goldman Sachs to consider offering bitcoin-backed loans

Wall Street bank targets bitcoin as collateral in next step to digital asset adoption

Goldman could facilitate lending that uses bitcoin as collateral without needing to hold the asset on its balance sheet
Goldman could facilitate lending that uses bitcoin as collateral without needing to hold the asset on its balance sheet Photo: Getty Images

Goldman Sachs is exploring plans which could see the Wall Street bank use bitcoin as collateral for institutional cash loans, according to a report.

It is considering whether it might be able to gain access to cryptocurrencies such as bitcoin without needing to directly engage with the token by offering loans utilising tri-party repo arrangements, CoinDesk reported, citing three people familiar with the matter.

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